Word: paper
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Dates: during 1960-1969
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...wife, "I have been called upon to save the country." In September 1862, Lee invaded the North for the first time, and-with sensational luck-McClellan's men came upon a copy of his orders, detailing the exact positions of the divided rebel army. "Here is a paper with which, if I cannot whip Bobbie Lee," said McClellan, "I will be willing to go home." Though he might have defeated Lee once and for all at Antietam, the "young Napoleon" hovered near defeat himself, barely managing to check the invasion...
...printed a list of demands drafted at a Warsaw protest rally. But it also printed a reply to each point, starting with the students' bedrock demand for the enforcement of constitutional guarantees of free speech and assembly. While allowing that some of the complaints might be justified, the paper warned that such freedoms "cannot be used against the character of our socialist sys tem." As for the students' protest against police brutality during the rioting, the paper came straight to the point. "When chopping wood," it said, "splinters must fly." The students got a new ally, how ever...
...starred debut cast doubts on what is, on paper, an impressive fighting machine. The plane can fly faster and farther than any earlier U.S. fighter-bomber and lift twice the bomb load (12,500 Ibs.). Its great strategic importance in Viet Nam was to be that its new inertial guidance and radar targeting system enables it to bomb in foul weather or fair, either by night or by day. Its arrival in force would thus mean that the U.S. could keep up its aerial bombardment of the North despite monsoon rains or heavy cloud cover...
...19th century system whereby each nation set the value of its currency by weight of gold, and guaranteed to convert paper money to bullion on demand. Honoring that commitment forced nations into ruthless de flations, panics, recessions. Under today's gold-exchange standard, which was evolved in the '20s to economize on the need for the metal, central banks hold some reserves in foreign currencies convertible to gold (such as the dollar). -Tinkering daily with the price of gold during the months before that, F.D.R. liked to decide on a figure in a huddle with Acting Treasury Secretary...
Schweitzer's main concern nowadays is to complete the biggest change in the IMF's 24 years: creation of a new international money - paper gold - to take the pressure off dollars, pounds and real gold in bankrolling world trade and investment. It goes by the clumsy name of "Special Drawing Rights," or SDKs for short. Actually, SDKs would have some characteristics of currency and some of credit. They would consist of wholly artificial reserves, carried on the IMF's books as a separate fund and backed by pledges of contributions from IMF members in their own currencies...